North Carolina General Statutes 14-86.5. Definitions
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The following definitions apply in this Article:
(1) “Retail property.” – Any new article, product, commodity, item, or component intended to be sold in retail commerce.
Terms Used In North Carolina General Statutes 14-86.5
- following: when used by way of reference to any section of a statute, shall be construed to mean the section next preceding or next following that in which such reference is made; unless when some other section is expressly designated in such reference. See North Carolina General Statutes 12-3
- property: shall include all property, both real and personal. See North Carolina General Statutes 12-3
(2) “Retail property fence.” – A person or business that buys retail property knowing or believing that retail property is stolen.
(3) “Theft.” – To take possession of, carry away, transfer, or cause to be carried away the retail property of another with the intent to steal the retail property.
(4) “Value.” – The retail value of an item as advertised by the affected retail establishment, to include all applicable taxes. (2007-373, s. 3.)